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Strategies & Market Trends : Joe Stocks Trader Talk

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To: Jeff O'Brien who wrote (81)	2/4/2002 9:31:51 PM
From: Joe Stocks	Read Replies (1) of 787

Jeff- CSCO covered half my short position at 18.32 this afternoon. I guess you would say that I was half looking for a bounce, but for me, to go back short. I'm thinking that we are starting to see some developments that we are going to break through support lines somewhat aggressively. Retail buyers are starting to get nervous. I see the street really digging into CSCO's performa rich financials Thursday. Many of the ticks were straight down today indicating program selling. I would be careful buying this dip. Without a positive headline event the momentum may continue south. Tomorrow economic reports at 10am look mixed. Factory orders look to increase but ISM services is projected to drop. If we see postives there maybe we get a little relief but I don't think it will last long. Just my opinion. Joe

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